6-Unit Apartment
New
For Sale
$900,000
731 16TH STREET, Philadelphia, PA 19146
The property includes window and wall air conditioning, with on-street parking available.
Property Size2,532 SF
Price / SF$355.45
Days on Market7
Property Features for 731 16TH STREET
General Information
Standard status
Active
Size
2,532 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$7,253
Amenities
Window Air Conditioning, Wall Air Conditioning
3
Parking.
On Street.
16.00 x 80.00
Building Details
Year Built
1900
Buildings
1
Listing Agency:
Best City Homes Inc
(267) 977-8205
Listed By:
Richard Moore
(267) 977-8205
Source:
Xome
Added: Jul 29
Changed: Aug 3
Last Checked: Aug 4 at 3:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Best City Homes Inc
Investment Insights
Based on property information with market context.
Located at 731 16th Street in Philadelphia’s Graduate Hospital area, this six-unit apartment building was constructed in 1900. The property includes window and wall air conditioning, while parking is available on the street. The building occupies a 16.00 x 80.00 parcel and may be acquired separately or together with 729 S 16th Street, creating a combined 11-unit offering.
Key Highlights
- Six‑unit apartment building constructed in 1900
- Window and wall air conditioning
- On‑street parking available
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.9k | $30.36 |
| − Vacancy | −$4.5k | −$1.76 |
| EGI | $72.4k | $28.60 |
| − OpEx | −$32.6k | −$12.87 |
| NOI | $39.8k | $15.73 |
2,532 SF · lease $30.36/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$569.0K
$497.8K – $663.8K
NOI $39,827 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$617.3K
$540.1K – $720.1K
NOI $43,208 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
13,820
Businesses Nearby
Explore this area
Business Placement
Demographics for 19146, PA
41,920
Population
22,182
Households
1.9
Avg Household Size
34
Median Age
65%
College-Educated
94%
High-School Grad
1.7 sq mi
ZIP Area
24,659
Density / Sq Mi
$99,702
Median Household Income
$68,849
Median Earnings
$1,708
Median Rent
$452,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - The property includes window and wall air conditioning, with on-street parking available.
Where is this apartment building located?
The property is located at 731 16TH STREET Philadelphia, PA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Six‑unit apartment building constructed in 1900; Window and wall air conditioning; On‑street parking available
